Agri-Dynamics, Inc. Clarifies and Defines Stock Issue and Availability and Names New Chief Executive Officer
Dec 06, 2013
OTC Disclosure News Service
– Agri-Dynamics, Inc. Clarifies and Defines Stock Issue and Availability and Names New Chief Executive Officer
Due to the Recent Increase in Activity in the Company, an Interior Accounting of the Stock Issue Has Been Completed
OKLAHOMA CITY, OK–(Marketwired – Dec 6, 2013) – Agri-Dynamics, Inc. (PINKSHEETS: AGDY), an OTC-Pink current company trading on the OTC (Pink) Market, today completed an interior accounting of its stock issue and availability for public trading.
As of December 6, 2013, there are 64,423,157 shares of the company’s securities issued and outstanding. Of that amount 9,423,157 shares are available for trade by the public, often referred to as the actual float.
The company also announces it has named Jeff Robinson as Chief Executive Officer and Chief Operating Officer. Mr. Robinson, a 40 year veteran of the oil and gas industry and former CEO with remarkable success in growing both public and private oil and gas companies, will manage the company’s everyday operations and will guide the company through the years ahead.
Mr. Robinson is highly regarded by his peers in the energy industry. He will use his knowledge of and experience in the design and execution of successful business plans and his broad array of technical, operational and business skills to move the company into a high growth mode with steadily increasing revenues.
“Our aggressive restructuring of the company has led to a number of shareholder questions. I called for an accounting of the stock issue to satisfy the requests of our shareholders,” Robinson said. He added, “I am now selecting a strategic Board of Directors reflective of our business focus and recruiting a management team with the skills to develop our business model now and over the long term.”
Agri-Dynamics, Inc. encourages its current shareholders and other interested parties to stay tuned as many exciting corporate developments are made public in the near future.
This Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as “anticipate,” “seek,” “intend,” “believe,” “plan,” “estimate,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations.
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